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Fast & Furious Trades For Monday

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Following are the “Fast & Furious” trades - hot ways to play Monday's market moving events.

FED RATE DECISION: The Fed holds its meeting on interest rates. Currently the Fed funds rate is at 1%, many investors will be looking for the fed to cut the rate even further.

They don’t need to cut, says Pete Najarian. Click here to find out what’s priced into the market!

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BETTING ON BEST BUY? Electronics retailer Best Buy is set to report earnings before the bell on Tuesday, economists are expecting a loss of 53% in year over year EPS.

Considering Circuit City is in dire straights, says Guy Adami, Best Buy may be too.

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GOLDEN GOLDMAN?Goldman Sachs is set to report earnings before the bell on Tuesday; economists are expecting a loss of 150% in year over year EPS growth.

I think they have a lot of ‘splaining to do, chuckles Karen Finerman.

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CONSUMER PRICES: We'll get a reading on the consumer prices with the release of CPI for November.

I don’t expect to see signs of de-flation overall, says Tim Seymour.

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JUST DO IT: Athletic apparel maker Nike reports earnings after the bell on Wednesday; EPS growth of 11% year over year is expected.

The stock seems cheap to me, says Pete Najarian.

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OPEC MEETS: OPEC holds its year end meeting on Wednesday after watching oil prices fall 51% so far this year.

I don’t think oil prices are about OPEC, muses Tim Seymour.

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BLACKBERRY BEATS? Blackberry maker Research In Motion is set to report earnings after the bell on Thursday; analysts are expecting the company to report 24% growth year over year.

The stock looks interesting at current levels, says Guy Adami.

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TECH BELLWETHER: Tech bellwether Oracle reports earnings after the bell on Thursday; 11% EPS growth is expected.

This stock has been really beaten up, says Karen Finerman.


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Trader disclosure: On Dec. 12th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (FCX); Najarian Owns (DRYS) And Is Short (DRYS) Calls; Najarian Owns (NUE) And Is Short (NUE) Calls; Najarian Owns (UYG) Calls; Najarian Owns (XHB) Calls; Finerman's Firm Owns (DSX), (MSFT), (UNH), (IBB); Finerman's Firm Is Short (USO), (BBT), (COF), (IYR), (IJR), (MDY), (SPY), (IWM); Seymour Owns (AAPL), (BAC), (F), (INTC), (MER); Seygem Asset Management Owns (EEM)